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Russia’s AvtoVAZ to raise car parts localization to 90%

July 10, 2014, 13:06 UTC+3 YEKATERINBURG

At present, the general localization is 84% for the whole LADA model range, according to CEO Bo Andersson

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© ITAR-TASS/Andrei Kholmov

YEKATERINBURG, July 10. /ITAR-TASS/. Russian car manufacturer AvtoVAZ will raise the level of localization to 90% of all produced car components from 84%, CEO Bo Andersson told reporters on Thursday.

“The general localization is 84% for the whole LADA model range. Localization for LADA Largus amounts to 51%, for Chevrolet Niva stands at 95% and for Kalina amounts to 85%,” Andersson said.

Largus provides the company with the most of opportunities, Andersson said, adding that localization of car components production for Largus reached 61% as the company started using batteries and wheels produced in Russia. Andersson also said that “higher localization of production is the main trend for him.”

In 2013, AvtoVAZ bought car components worth 125.1 billion rubles ($3.7 billion) from 1,900 suppliers.

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